BNP Paribas in talks to pay more than $3 bln to end probes-sources

WASHINGTON/NEW YORK Tue May 13, 2014 11:56am EDT

WASHINGTON/NEW YORK May 13 (Reuters) - BNP Paribas is in talks with U.S. authorities to pay more than $3 billion to resolve probes into whether the French bank violated U.S. sanctions on Iran, Sudan and other countries, people familiar with the matter said.

The bank warned last month it faced fines in excess of $1.1 billion over the matter, but declined to provide a specific number.

The probes are being conducted by the U.S. Justice Department and U.S. Treasury Department, the Manhattan District Attorney's office, and the New York Department of Financial Services. (Reporting by Aruna Viswanatha and Karen Freifeld; Editing by Jeffrey Benkoe)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article